In April the U.S. Treasury Department proposed two rules to make it harder for U.S. companies to invert, or desert the country in order to avoid U.S. taxes. One rule addressed “serial inverters” attempting to get around tax obligations on profits held offshore. The other rule addressed “earnings stripping,” in which a foreign company, which often has undergone an inversion with a larger U.S. firm, tries to reduce its taxable profits by shifting them offshore to a low-tax country.
Below are some of the tens of thousands of comments from individuals and from organizations representing millions of Americans who support these two rules, including a video of a delivery of comments to the IRS.
- Senator Sanders’ Comment on Earnings Stripping Rule 7/7/16
- Senator Sanders’ Comment on Serial Inversions Rule 7/7/16
- Citizens for Tax Justice Comments Letter on Treasury Anti-Inversion Rules 7/7/16
- Professor Samuel Thompson’s Comment on Earnings Stripping Rule 7/7/16
- AFL-CIO Comments Supporting Earnings Stripping Rule 7/7/16
- AFL-CIO Comments Supporting Serial Inverter Rule 7/7/16
- 35 Organizations Send Letter to Treasury Department Supporting Earnings Stripping Rules 7/7/16
- Rep. Doggett Leads House Members Supporting Treasury Regulations 7/7/16
- AFGE Comments on Treasury Rules 7/7/16
- AFSCME Comments on Earnings Stripping Rule 7/7/16
- AFSCME Comments on Serial Inverter Rule 7/7/16
- Coalition on Human Needs Earnings Stripping Comments 7/7/16
- Coalition on Human Needs Serial Inverter Comments 7/7/16
- FACT Comments on Earnings Stripping Rule 7/7/16
- FACT Comments on Serial Inverter Rule 7/7/16
- 16 Tax Academics Comments on Proposed Earnings Stripping Rule Section 385 7/6/16
- 16 Tax Academics Comments on Proposed Serial Inverter Rule 7/6/16
- Small Business Majority Comment Letter on Serial Inverter Rule 7/6/16
- American Federation of Teachers Comment Letter on Serial Inverter Rule 7/6/16
- American Federation of Teachers Comment Letter on Earnings Stripping Rule 7/6/16
- Video of ATF Comment Delivery to IRS 6/30/16
- ATF Daily Kos Serial Inverter Transmittal Cover Letter (29,845 Comments) 6/30/16
- ATF Daily Kos Earnings Stripping Transmittal Cover Letter (29,604 Comments) 6/30/16
- Main Street Alliance Earnings Stripping Letter 6/28/16
- Main Street Alliance Serial Inverter Letter 6/28/16
- Oxfam Earnings Stripping Comments 6/18/16
- ATF Comments on Treasury Serial Inverter Rule 6/10/16
- ATF Comments on Treasury Earnings Stripping Rule 6/10/16